Many Aussie students use the Government’s Higher Education Loan Program (HELP) to pay for their studies, and now there are calls for super to be used to pay off the debt, ABC reported.
Around $30 billion dollars was granted to students through HELP loans last year, and next year, that number is expected to top $50 billion. With growth like this forecasted for the popular scheme, there have been calls for Treasurer Scott Morrison to introduce a payment plan allowing graduates to use their super to get rid of study debt.
The plan would target graduates in their twenties and thirties, ABC reported Liberal senator Chris Back as saying. It would allow gradu…
Read the full article at: https://mozo.com.au/students/students-may-soon-be-able-to-pay-off-help-debt-by-dipping-into-super